News coverage about Mplx (NYSE:MPLX) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mplx earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 44.9299524670409 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- BRIEF-MPLX LP Says Entered Into Amendment To Issue And Sell Common Units Representing Limited Partner Interests (reuters.com)
- Marathon Petroleum Corp. names Kristina A. Kazarian vice president of Investor Relations (finance.yahoo.com)
- Do Technical Indicators Important For Long-Term Traders? – MPLX LP, (NYSE: MPLX) – Stock Watch (stocksnewstimes.com)
- Tracking Technical Indicators on MPLX LP (MPLX) – Wall Street Morning (wallstreetmorning.com)
- What’s Driving the Jump in MPLX LP’s Capital Spending? – Market Realist (marketrealist.com)
Several equities analysts have recently issued reports on MPLX shares. Zacks Investment Research raised Mplx from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday. Bank of America started coverage on Mplx in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of Mplx in a research note on Wednesday, November 15th. Citigroup reaffirmed a “buy” rating and set a $46.00 price target on shares of Mplx in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price target on shares of Mplx in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.55.
Mplx (NYSE:MPLX) last released its earnings results on Thursday, February 1st. The pipeline company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). Mplx had a net margin of 17.90% and a return on equity of 6.98%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $937.04 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. sell-side analysts expect that Mplx will post 1.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were paid a $0.6075 dividend. This is a positive change from Mplx’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 2nd. This represents a $2.43 annualized dividend and a yield of 7.00%. Mplx’s dividend payout ratio is presently 231.43%.
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MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products.
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